<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422020000100104</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2018.1752</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Mercados, volatilidad y gestión de futuros en México: el empleo del método ARCH y GARCH]]></article-title>
<article-title xml:lang="en"><![CDATA[Markets, volatility and futures management in Mexico: The use of the ARCH and GARCH method]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gaona Montiel]]></surname>
<given-names><![CDATA[Fernando]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Reyes Robles]]></surname>
<given-names><![CDATA[Armando]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ramírez Cedillo]]></surname>
<given-names><![CDATA[Eduardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma Metropolitana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma del Estado de México  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2020</year>
</pub-date>
<volume>65</volume>
<numero>1</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422020000100104&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422020000100104&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422020000100104&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Las inversiones en contratos de futuros muestran un crecimiento rápido en el periodo, lo que evidencia que los individuos buscan rendimientos más altos y seguros, frente a la creciente volatilidad que ofrecen las tasas de interés y el tipo de cambio. Se empleó el método ARCH y GARCH, como instrumentos de identificación del grado de volatilidad en activos subyacentes de estos contratos. Por los resultados, la volatilidad quedó reflejada de que sí fue persistente en el periodo, no tan alta, y aun así eso no determinó que las operaciones y los montos de inversiones en futuros fuesen mayores o crecientes.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Investments in futures contracts show a fast growth in the period, which shows that individuals look for higher and safer returns, in the face of the growing volatility offered by interest rates and the exchange rate. ARCH and GARCH methods were used as instruments to identify the volatility degree in underlying assets of these contracts. Because of the results, volatility was reflected in the fact that it was persistent in the period, not so high, and even then that did not determine that the operations and amounts of investments in futures were higher or rising.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Coberturas]]></kwd>
<kwd lng="es"><![CDATA[Modelo GARCH]]></kwd>
<kwd lng="es"><![CDATA[Activos subyacentes]]></kwd>
<kwd lng="es"><![CDATA[Grados de volatilidad]]></kwd>
<kwd lng="es"><![CDATA[G12]]></kwd>
<kwd lng="es"><![CDATA[C51]]></kwd>
<kwd lng="es"><![CDATA[C22]]></kwd>
<kwd lng="es"><![CDATA[C16]]></kwd>
<kwd lng="en"><![CDATA[Hedges]]></kwd>
<kwd lng="en"><![CDATA[GARCH model]]></kwd>
<kwd lng="en"><![CDATA[Underlying assets]]></kwd>
<kwd lng="en"><![CDATA[Degrees of volatility]]></kwd>
<kwd lng="en"><![CDATA[G12]]></kwd>
<kwd lng="en"><![CDATA[C51]]></kwd>
<kwd lng="en"><![CDATA[C22]]></kwd>
<kwd lng="en"><![CDATA[C16]]></kwd>
</kwd-group>
</article-meta>
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